EX-12.1 13 a2211244zex-12_1.htm EX-12.1

Exhibit 12.1

 

Starz, LLC Ratio of Earnings to Fixed Charges (in thousands)

 

 

 

For the Six Months Ended
June 30,

 

For the Years Ended
December 31,

 

 

 

2012

 

2011

 

2011

 

2010

 

2009

 

2008

 

2007

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amounts due to affiliate, net of amounts capitalized

 

$

9,330

 

$

2,824

 

$

5,012

 

$

20,932

 

$

27,188

 

$

38,836

 

$

40,410

 

Capitalized interest

 

460

 

557

 

1,993

 

1,986

 

1,839

 

4,285

 

3,567

 

Estimate of interest expense within rental expense

 

1,155

 

1,249

 

2,436

 

2,580

 

2,711

 

2,581

 

2,691

 

Total Fixed Charges

 

$

10,945

 

$

4,630

 

$

9,441

 

$

25,498

 

$

31,738

 

$

45,702

 

$

46,668

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income (loss) from continuing operations

 

$

215,111

 

$

235,403

 

$

416,086

 

$

254,243

 

$

189,093

 

$

(1,418,406

)

$

(118,402

)

Fixed Charges

 

10,945

 

4,630

 

9,441

 

25,498

 

31,738

 

45,702

 

46,668

 

Amortization of capitalized interest

 

1,125

 

779

 

1,436

 

2,689

 

1,764

 

3,002

 

1,856

 

Interest capitalized

 

(460

)

(557

)

(1,993

)

(1,986

)

(1,839

)

(4,285

)

(3,567

)

Total Earnings (loss)

 

$

226,721

 

$

240,255

 

$

424,970

 

$

280,444

 

$

220,756

 

$

(1,373,987

)

$

(73,445

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

20.7

x

51.9

x

45.0

x

11.0

x

7.0

x

*

 

*

 

 

* Total earnings (loss) for the years ended December 31, 2008 and 2007 were insufficient to cover fixed charges by $1,419.7 million and $120.1 million, respectively.